Market Overview
As per the predictions by Market Research Future (MRFR), the growth of the Cheese Market in the future is expected to be highly optimistic, with it reaching 29,398.75 kilo tons by 2023. The Market will be growing at a noteworthy Growth Rate of 3.90% during the forecast period (2017-2023).
Key Findings
- The Global Cheese market is projected to reach 29,398.75 kilo tons by 2023 of 3.90%
- Whole cow milk will continue to dominate the cheese source segment with more than 65% market share
- Fresh cheese will continue to dominate the cheese market with more than 20% market share and it is projected to grow at a CAGR of 5.01% by 2023
- Cheddar cheese will dominate the cheese product-types holding a lion’s share in the cheese market and growing at a rate of 5.40%
- Application of cheese in fast food snacks will hold a major share and will witness a growth rate of 4.73%
Top Players
The Top Players part of the Global Cheese Market are-
- Lactosan A/S (Denmark)
- Dairiconcepts, L.P. (U.S.)
- Kerry Group Plc (Ireland)
- Aarkay Food Products Ltd (India)
- Arla Foods (Denmark)
- The Kraft Heinz Co. (U.S.)
- Land O’Lakes, Inc. (U.S.)
- Kanegrade Limited (U.K.)
- Dairy Farmers of America Inc. (U.S.)
- FrieslandCampina (Netherlands)
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Market Segmentation
The market for cheese is segmented on the basis of Source, Type, Product Type, and Application.
Source-Wise
- Goat Milk
- Sheep Milk
- Whole Cow Milk
- Skimmed Cow Milk
- Buffalo Milk
Types
- Fresh
- Aged-Fresh
- Soft White
- Semi-Soft
- Hard
- Flavored
Product Type
- Cheddar
- Mozzarella
- Parmesan
- American
- Blue
Applications
- Cheese Processing
- Cheese Spreads
- Cheese Dips
- Fast Food Snacks
- Alcohol Accompaniments
- Bakery Foods
- Processed Foods
- Savory Snacks
Growth Factors and Top Barriers
Cheese originated in southern Italy, with it extensively being used in pizzas and pasta dishes. Consuming cheese leads to numerous health benefits, as it is a great source of minerals, Vitamins, and proteins.
On that note, a number of major factors driving the growth of the Global Cheese Market are the growing demand for cheese owing to the health benefits, increasing fast food chains, changing food habits, and over consumption of pizzas, pastas, as well as easy availability of raw materials like milk. An additional driver promoting the growth of the cheese market is the growing demand for protein rich supplements. However, the perishable nature of the cheese products could lead to the global market taking a hit in the near future. But with a large variety of applications of cheese in the food industry, particularly in bakery and fast food manufacturing industries, the global cheese market will be benefitting to a large extent in the years to come, thereby negating any negative effects of the restraining factors on it.
With the increasing consumption of processed cheese, a tiny market for cured and fresh cheese has emerged in the recent past, especially among the urban consumers. There is a broad range of cheeses found in the market, such as ricotta, cream cheese, mascarpone, fetta, brie, parmesan, which numerous local retail stores and hypermarkets are stocking up, increasing the sale of cheese. Furthermore, Dairy Craft, a company that makes gourmet cheese, reports that the demand for cheese is on the rise at the rate of 25 percent every year. This is the result of the increasing number of hotels and cafes. Apart from this, the retail consumption has been growing rapidly owing to the growing awareness of the health benefits and effective marketing strategies adopted by the cheese brands around the world.
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TABLE OF CONTENTS
1 Executive Summary
2 Introduction
3 Research Methodology
4 Secondary Research
5 Market Dynamics
6 Market Trends
7 Market Factor Analysis
TO BE CONTINUE………..
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